BOSTON, July 8, 2026 – AEW Capital Management ("AEW"), a global real estate investment manager, today announced the acquisition of Park 91, a newly constructed, two-building industrial complex in Tolleson, Arizona. AEW acquired the asset from Phoenix-based developer Martens Development.
Located in the Southwest Valley's Tolleson submarket—an established industrial hub in the Southwest, Park 91 pairs modern design, operational efficiency and flexible configurations. Purpose-built for today's industrial users, the property was designed to accommodate a broad range of occupiers through modern specifications, adaptable layouts and high-capacity infrastructure that support logistics, distribution, light manufacturing and service-oriented operations alike.
"Park 91 represents the type of institutional-quality industrial product we seek. It offers a highly accessible location paired with modern, flexible space suited to the operational needs of today's tenants," said AEW Portfolio Manager, Alec Burleigh. "Tolleson and the broader Southwest Valley have become an established part of the Metro Phoenix industrial market, and this acquisition aligns with our strategy of investing in well-located, modern logistics assets."
Cushman & Wakefield's National Industrial Advisory Group represented the parties in the transaction, with Will Strong, Michael Matchett, Molly Miller, Jack Stamets and Madeline Warren advising on the sale. Cushman & Wakefield's Gary Anderson and Nik Vallens provided leasing advisory services.
About AEW
For 45 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors¹, AEW and its affiliates manage $85.5 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of March 31, 2026). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.
¹Source: “2025 IREI.Q Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2024. As of March 31, 2026. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe and its subsidiaries. AEW Europe and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $85.5 billion includes $41.2 billion in assets managed by AEW Europe and its affiliates, $2.8 billion in regulatory assets under management of AEW Capital Management, L.P., and $41.5 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice.